VANCOUVER, April 8, 2014 /CNW/ - Smartcool Systems Inc. (TSX-V: SSC) is actively moving into the 'internet of things', as its
proprietary algorithms provide a unique tool to revolutionize the
automation of energy efficiency and energy management in small
commercial buildings. Since signing a Software Licensing Agreement in December 2013, smartACR has made substantial progress developing an automated energy
management system by integrating Smartcool's software with its wireless
control sensors and cloud based thermostat for air conditioning, heat
pump and refrigeration systems.
Over 4 million small commercial buildings in the USA (90% of all buildings in the country) have no IT-infrastructure to manage energy use because it has not been
cost effective. smartACR is introducing a new solution for small
buildings, providing a self-funding automation service consisting of
intelligent wireless control sensors and a cloud-based automation
Smartcool's software is forming the backbone of this new solution, which
is reducing energy consumption of the air conditioning, heat pump
and/or refrigeration systems in small buildings by an average of 25%.
Cost savings from the automated energy management system far exceed a
nominal monthly fee, so operators of small facilities can get all of
the benefits of building automation, generating immediate cash flow
with no out-of-pocket costs.
"Small buildings do not have energy management like this because legacy
systems are too complicated and expensive to automate with existing
products on the market. The business case just isn't there," says Paul
Gregory, CEO of smartACR. "Smartcool's software provides defined,
predictable and measurable savings that make the automation of small
commercial buildings not only financially viable, but financially
attractive. Cloud-computing and wireless sensors matched with
Smartcool's software make it possible for any facility to install a
self-funding automated energy saving system."
smartACR's offering is being rapidly adopted by customers. smartACR is
rolling out this service with numerous Dunkin Donuts franchisees
including CAFUA management; the largest Dunkin brands franchisee in the
world, as a part of National Grid's energy efficiency program for
restaurants. Many other trail blazing customers are also moving
forward into automated energy management with smartACR, including
Oschner Health System, 5-Star Senior Living and Five Guys Burgers &
"The quick acceptance of smartACR's offering is a strong indicator of
the high demand for energy savings and easy, automated management for
small businesses," says George Burnes, President and CEO at Smartcool.
"The financial model really sells itself thanks to Smartcool's
contribution of substantial energy savings. We are thrilled to see
smartACR making such excellent progress and expect this to develop into
a highly profitable revenue stream for Smartcool. We will see income
not only from royalties under our Software Licensing Agreement, but
also from our ability to offer smartACR's new products and platform to
our own customers."
Smartcool is supporting smartACR in finalizing product integration and
anticipates rapid market penetration once the final stage of
development is complete on the wireless control sensors, cloud based
thermostat and web platform in the late stages of Q2 2014.
Neither the TSX Venture Exchange nor its Regulation Services Provider
accepts responsibility for the adequacy or accuracy of this release.
smartACR is an independent distributor of Smartcool's ECO3 & ESM and a
licensee of Smartcool's compressor optimization software algorithms in
the USA. Operating out of offices in Boston and Houston, smartACR is
focused on developing and delivering energy efficiency solutions for
air conditioning and refrigeration systems. www.smartacr.com
Smartcool Systems Inc. (TSX-V: SSC) provides cutting edge energy efficient and energy cost
reduction solutions for businesses around the world. The ECO3 and ESM are Smartcool's unique retrofit technologies that reduce the
energy consumption of compressors in air conditioning, refrigeration
and heat pump systems by 15% to 20%, giving customers a return on
investment in as little as 12 months. Visit us at www.smartcool.net or www.smartcooleco3.com or email us at email@example.com
SOURCE: SmartCool Systems Inc.
For further information:
Mike Kordysz, Smartcool Investor Relations
TEL +1 604 904 8632 EMAIL firstname.lastname@example.org